Canadian fintechs shine as VC investments near record: Reuters
Venture capital investment in Canadian financial technology companies hit its highest level in almost two decades last year, even as the flow of funds into major fintech markets like the United States declined, Reuters reported. According to PitchBook, venture capital financing in Canadian fintech was US$137.7 million in 2016, up more than 35 percent on the year. Figures compiled by Thomson Reuters show a rise of nearly 74 percent from 2015 to 2016, to $264.8 million (US$197.41 million), its highest level since 2000. Related investments declined at least 30 percent in the United States in 2016, while in the United Kingdom they fell nearly 25 percent and Singaporean fintech investment sank 65 percent.
3 January 2017•3 mins read
